New Low in Miners! New Record in Profits!

From goldpriceforecast.com

It happened! Junior miners moved to new 2023 lows! If one opened a short position in GDXJ this year and they hold it, they are profitable. The question – of course – is if junior miners and the rest of the precious metals sector are going to continue to move lower from here or will they bottom, just as they did previously when they were trading at similar levels. While it’s impossible to predict the future in each and every case, looking into the previous patterns can give us insights into what is likely just around the corner. Let’s take a look, starting with junior miners themselves. The GDXJ ETF moved and ... (full story)